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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: AK2004 who wrote (577897)	5/24/2004 2:24:40 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

You keep slip-sliding away from an explanation (details, please!) of how you plan on "borrowing at 5%, investing at 4%, and profiting 7%" in an era of "rising interest rates". You seem to be sniffing around the counter-intuitive idea that your 4% fixed rate investment will somehow rise in value as interest rates rise --- rather then FALL IN VALUE as commonsense would have it. The burden is on you to flesh-out your "plan" with some rational details... or else put that skeleton 'plan' back in the closet with all the other unfounded financial ideas floated around to entice the gullible.

To: AK2004 who wrote (577897)	5/24/2004 2:47:37 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"The Labor Department released the Producer Price Index, showing an increase of 0.7% in producer prices, an annualized rate of 8.4%. Bloomberg reported that wholesale prices were 3.7 percent higher in April than a year ago. Prices of crude goods rose 3 percent. Over the last 12 months, the costs of crude goods jumped 20.4 percent. Energy prices rose 1.6 percent in April after rising 0.6 percent in March. Gasoline prices increased 3.4 percent. The cost of dairy products jumped 10.4 percent, the biggest rise since July 1946. Prices of steel mill products increased 6.3 percent in April, the biggest rise since a 6.8 percent surge in July 1974. The Consumer Price Index was released on Friday, and it shows the same unhealthy rise in price inflation. The 10-year yield now is higher, in relation to trailing money market rates, than it has ever been prior to a rate hike by the Fed.... And yet... the Commerce Department said retail sales fell by 0.5% in April. The Labor Department reported initial jobless claims increased to 331,000, up from the 318,000 reported last week. So let's see if we can restate the above: Sales are down, people are losing their jobs, and prices are up.